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To: IRVINESULLY who wrote (2769)1/29/1998 10:03:00 AM
From: Jeffery E. Forrest  Respond to of 4571
 
But, how are we to have a rally without any kind of forthcoming news?
We most likely won't. One of the great things about TA is it's ability to predict news before it happens.
IMHO TA is showing that SOMEBODY knows SOMETHING and is buying.
Each time we had a rally in the past TA showed it ahead of time.

...are we talking about going up 10%, so that we are still down, or are you talking about going past the 1.00 mark from which we last fell after staying there for a while?
I guess it depends on which end of the elephant yer lookin' at.
From MY POV a rally to $1 would be great as that would yield me a 33% return.
I still believe we'll take out the old highs SOMETIME. Your guess is as good as mine as to when that might be.

Ultimate Oscillator - iqc.com